Flexible repayment options
Choose to repay weekly, fortnightly or monthly, whatever fits your income and budget. A repayment plan that works with your life, not the other way round.
Structured around you
The minimum loan amount is $3k and the maximum is $50k. Terms range from 6 months to 5 years, and you can choose to make repayments either weekly, fortnightly or monthly.
Apply and manage it online
Apply online and manage your loan through our app or internet banking, whenever it suits you, giving you control and visibility, anytime.
What is debt consolidation
Combining multiple debts into a single loan with one regular repayment.
What this means for you:
- One loan
- One regular payment
- A set loan term so you know when your loan is expected to be repaid
It’s a simple way to consolidate debt and bring multiple repayments, so you can spend less time juggling payments, and more time focusing on your financial goals.
How a debt consolidation loan works
- List what you owe
Make a list of your debts, such as credit cards, store cards, Buy Now, Pay Later accounts, hire purchases, and personal loans. Note the balance and interest rate for each to help build a complete picture of your finances.
- Apply for a personal loan
Apply online or talk to us about a personal loan that covers your total debt.
- Pay out your existing debts
Use the loan to settle those balances so they’re cleared.
- Make one simple repayment
From there, you’ll have one loan, one repayment, and a clear path forward.
A debt consolidation loan can usually be used to pay out:
- Credit card balances
- Store cards
- Hire purchase agreements
- Other personal loans
- Buy now, pay later balances
If you’re dealing with high-interest credit card debt, a debt consolidation personal loan can be one of the most effective ways to simplify things and take control.
Why bring your debts together with us?
One loan, one regular repayment
You’ll have one loan and one repayment to manage, which means less to keep track of, and a simpler way to stay on top of your finances.
Pay it off sooner if you can
You can make extra repayments at any time, without penalty, giving you flexibility to get debt-free faster if your situation improves.
Could help reduce interest costs
If you're carrying high-interest balances, such as credit cards, a debt consolidation personal loan can combine your borrowing into one loan with one regular repayment. Depending on your circumstances, it could also help reduce the amount of interest you pay overtime.
Is consolidating debt worth it?
Consolidating debt with a personal loan can be a good option when:
- The new interest rate is lower than what you’re currently paying
- You’re ready to commit to a structured repayment plan
It’s always worth doing the numbers first.
If your current debts already have low rates, or consolidation extends your loan over a much longer term, the total cost could be higher, even with a lower rate.
Everyone’s situation is a little different, so it’s about what works for you. The best way to know exactly where you stand is to talk to us. We'll take the time to understand your circumstances and assess whether a personal loan is suitable for you.
Personal loan interest rates are floating, which means they may change during the term of your loan. If they do, we'll let you know how much more or less your repayments will be.
If you’d like to talk it through, you can speak to one of our team on 0800 554 554.
General Terms and Conditions and eligibility criteria apply.
Worried about your credit history?
If you’ve had some bumps with credit, it’s natural to wonder where you stand.
We believe it’s always worth having a conversation before you assume the answer is no.
We look at your full situation, your income, your current commitments, and your ability to manage repayments, not just your credit history in isolation.
That matters because the right solution depends on your individual circumstances. While debt consolidation can help some people simplify their finances or reduce interest costs, it may not be the best option for everyone.
Talking to us costs nothing, and we’ll always be upfront about what might be possible.
We’re here to help.
Interest rates and loan details at a glance
| Interest rate | From 9.95% to 17.75% p.a., your rate will depend on your credit history and individual circumstances. |
|---|---|
| Loan amount | $3,000 to $50,000 (subject to lending criteria). |
| Loan term | Choose a term that works for you from 6 months to five years. |
| Repayments | Weekly, fortnightly or monthly repayment options available. |
| Fees | $145 establishment fee. |
| Extra repayments | No fee for extra repayments or early repayment. |
| Good to know | Paying more or finishing your loan early may reduce the total interest you pay. |
Personal Loan Calculator
Estimate your repayments
Use our calculator to get a sense of what your repayments could look like, whether you're planning a purchase, covering a bill cost, or considering a debt consolidation loan.
Based on an estimated interest rate of 13.50% p.a., your repayments could be:
$123.22
Estimated interest you could pay:
$215
Estimated total cost of the loan:
$3,215
Apply online
Important:
This calculator provides an estimate only and is for illustrative purposes. It is not financial advice and does not guarantee your actual loan terms or repayments. Your actual repayments may vary based on your individual circumstances.
Ready to take the next step?
To apply, you’ll need to:
- Be 18 years or older.
- Be currently living in New Zealand.
- Be a New Zealand citizen, permanent resident, or eligible visa holder.
- Have a regular source of income.
- Meet our lending criteria.
We may also ask for:
- Details of your income and expenses.
- Information about any existing debts.
- Recent payslips or bank statements.
We take the time to understand your situation, so you get a clear and realistic view of your options upfront.